ESR-REIT and Sabana REIT to create bigger, more liquid and investable entity: Religare

SINGAPORE (Aug 8): Religare Capital Markets says the amalgamation of ESR-REIT and Sabana REIT will create a bigger, more liquid and investable REIT.

ESR, the sponsor of ESR-REIT, also holds a 5% stake in Sabana REIT units.

“We note that Warburg Pincus -- which owns ESR -- also owns ARA Asset Management, the manager behind Cache Logistics as well, for potential future consolidation, if this one goes through,” says analyst Tata Goeyardi.

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